GBP/USD short,mid and long term
Updated
Bullish divergence with rsi on the daily. Doing 5 waves down of a larger C of Y of next larger degree, IMO.
Expecting a small bounce out of the descending wedge forming inside another descending broading wedge that I'm not too confident about.
Potential targets indicated by horizontal support/resistance lines.
Break out of the descending broadening wedge would invalidate this count .
This is not an investment advice and just the way how I view this market . Dont trade on my opinion. Get your own and trade on them, carefully.
Thank You.
Expecting a small bounce out of the descending wedge forming inside another descending broading wedge that I'm not too confident about.
Potential targets indicated by horizontal support/resistance lines.
Break out of the descending broadening wedge would invalidate this count .
This is not an investment advice and just the way how I view this market . Dont trade on my opinion. Get your own and trade on them, carefully.
Thank You.
Note
Trade closed: target reached
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